01-14-2014, 08:34 AM
Any substantial dip offers an opportunity to buy, as an end of the solar cycle doesn't seem in sight any time soon. They also consider selling off their higher margin project business. The news did little for the stock price today, which went down with the rest of the solars and the market.
JinkoSolar Holding Co. (JKS), a Chinese solar manufacturer, is considering a possible spinoff or public share sale for its project unit to help expand the business. Separating the unit from manufacturing operations will aid growth and benefit JinkoSolar shareholders, the Shangrao-based company said today in a statement. It expects the subsidiary to have 500 megawatts of installed capacity by the end of the year.
Jinkosolar Considers Selling Off Solar Project Business - Bloomberg